Repositioning Opportunity with Term Remaining, Allowing an Investor to Receive Rental Income and Reduce Basis While Finalizing Terms with a Replacement Tenant
Absolute NNN Lease Structure with no Landlord Responsibilities for the Remaining Term of the Lease
Texas Roadhouse Has Operated at This Location for 15 Years and is Relocating Down the Street to a Larger Site to Increase Capacity
High Traffic Location – Situated at the Corner of IL Route 59 and Aurora Road, with Average Daily Traffic Counts Exceeding 108,000 Vehicles Per Day
Densely Populated, Infill Location with Excellent Demographics – Over 216,700 People in a 5-Mile Radius with Average Household Income Exceeding $135,000
High Barrier to Entry Market Containing Over 10.3 Million Square Feet of Retail and Restaurant Space
Large 1.46 Acre Parcel with 7,511 Square Feet of Improvements Built in 2006, with 84 Total Parking Spaces on Site
More Than 36.2 Million Square Feet of Office and Industrial Space within 3 Miles of the Property, Resulting in an Extremely High Daytime Population of More Than 75,000 Employees
Positioned a Half Mile from the Route 59 Metra Rail Station That Has an Average of Over 297,400 Weekly Passengers, Making it the Busiest of BNSF Metra’s 236 Non-Downtown Chicago Commuter Railway Lines
Tremendous Multifamily Density with Over 9,850 Apartment Units within 3 Miles of the Property